SER/SRN - Seardel - Updated trading statement and withdrawal of cautionary
SER SRN
SER
SER/SRN - Seardel - Updated trading statement and withdrawal of cautionary
announcement
SEARDEL INVESTMENT CORPORATION LIMITED
Registration Number 1968/011249/06
(Incorporated in the Republic of South Africa)
Share Code: SER & ISIN: ZAE000029815
Share Code: SRN & ISIN: ZAE000030144
("Seardel" or "the company")
UPDATED TRADING STATEMENT AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the trading statements and cautionary announcements
dated 27 June 2008, 11 August 2008 and 5 September in which shareholders were
advised that Seardel had incurred substantial trading losses but that the
company was not in a position to give the specific guidance required by the JSE
Listings Requirement for a trading statement.
Seardel is now in a position to advise that it expects the loss per share and
headline loss per share for the year ended 30 June 2008 to be 198,6 cents and
111,0 cents respectively, as compared to the earnings per share and headline
earnings per share for the year ended 30 June 2007 of 55,8 cents and 22,7 cents
respectively. Accordingly the cautionary announcements are hereby withdrawn.
The information on which the above trading statement is based has been reviewed
by the company`s auditors and the provisional results for the year ended 30 June
2008 are expected to be released on SENS on Monday, 29 September 2008.
25 September 2008
Sponsor
Java Capital (Proprietary) Limited
Date: 25/09/2008 15:38:23 Produced by the JSE SENS Department.
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